Word: tulimieri
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Lotus currently occupies some 600,000 squarefeet a 1.5 million square foot Kendall Squaredevelopment area, owning one building and rentingspace from many others Tulimieri said. And Lotus"impeccable reputation as a good corporatecitizen" makes the company all the more desirablehe said...
...developer of that suzette announce thatit was leaving town would create an incredibleproblem for the real estate industry directly, andfor the city of Cambridge indirectly in terms oflost tax revenues," Tulimieri said...
...Tulimieri said Lotus has not promised to stayin return for certain concessions. Instead, hesaid, the company has expressed interest instaying, but has in essence told the city that"you really have to demonstrate that you want usto stay here...
...Tulimieri said this weeks actions "indicateCambridge's real concern and real need to keepthem into town...
...city council will decide on the taxapplication by mid-September, Tulimieri said. Ifit then gains approval on the state level, Lotusmay be able to make a decision by mid October, hesaid